I’ve read a number of books on investing and I’ve placed RICH DAD POOR DAD by Robert Kiyosaki on top of my list. He’s clear, to the point and talks in terms that the average person, like myself, can understand. It’s not an investment guidebook but more of an expose on how he created his financial empire.
MONEY IS AN INTANGIBLE
The main point that he makes is that the majority of people are lacking a proper education and understanding about money. By “education” he’s not referring to classes on economics, finance or the like. He’s talking about learning to see money in a whole new way. He refers to it as just an idea, a thought that we can grow and shift rather quickly, if we know where to look and how to make it work for us.
He stresses the importance of investing in ventures that “don’t require your presence” such as 1031 Exchanges and REITS – working with your brain – smarter not harder. Reading his book gave me even more confidence in the business that I own because, at this stage, it’s mostly automated.
Rich Dad Poor Dad is of particular value to someone who is under forty and still has time to grow a large financial portfolio and the time to recover in case of a catastrophic loss. While he gives an example on how he turned $25K into nearly $200K in less than one year, he’s clear to say that he has a long term view on investing. He does not operate to get rich quick.
If you want to learn how to make money, pick up a copy or download an audible version of his book and if you want other great works, here are other suggestions:
- The Richest Man In Babylon. …
- The Millionaire Fast Lane. …
- Your Money or Your Life. …
- The Science of Getting Rich. …
- The Millionaire Next Door. …
- Total Money Makeover
- The Secret
- Get Anything Fast
To invest successfully, start by taking action, be open to “unlearning” what you know about money and be receptive to seeing it in a whole new way. Here’s one great way to start.